JPMorgan Chase & Co. Boosts Bright Horizons Family Solutions (NYSE:BFAM) Price Target to $119.00

Bright Horizons Family Solutions (NYSE:BFAM) had its target price lifted by JPMorgan Chase & Co. from $107.00 to $119.00 in a report issued on Friday morning, Benzinga reports. They currently have an overweight rating on the stock.

BFAM has been the topic of several other reports. BMO Capital Markets upped their price target on shares of Bright Horizons Family Solutions from $102.00 to $104.00 and gave the stock a market perform rating in a research report on Friday. Robert W. Baird upped their target price on shares of Bright Horizons Family Solutions from $105.00 to $115.00 and gave the company a neutral rating in a report on Friday. UBS Group reduced their price target on Bright Horizons Family Solutions from $103.00 to $102.00 and set a neutral rating for the company in a report on Wednesday, February 14th. The Goldman Sachs Group upped their price objective on Bright Horizons Family Solutions from $108.00 to $123.00 and gave the company a buy rating in a research note on Wednesday, April 10th. Finally, StockNews.com downgraded Bright Horizons Family Solutions from a hold rating to a sell rating in a research note on Wednesday, February 21st. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Bright Horizons Family Solutions presently has a consensus rating of Hold and an average price target of $106.63.

Bright Horizons Family Solutions Price Performance

NYSE:BFAM opened at $114.52 on Friday. Bright Horizons Family Solutions has a 52-week low of $71.65 and a 52-week high of $119.21. The company has a market cap of $6.64 billion, a P/E ratio of 80.65, a P/E/G ratio of 4.28 and a beta of 1.38. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.56 and a current ratio of 0.56. The stock’s 50-day simple moving average is $111.25 and its 200 day simple moving average is $99.20.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.12. Bright Horizons Family Solutions had a return on equity of 12.14% and a net margin of 3.34%. The firm had revenue of $615.65 million during the quarter, compared to the consensus estimate of $588.63 million. As a group, sell-side analysts forecast that Bright Horizons Family Solutions will post 2.69 EPS for the current fiscal year.

Insider Buying and Selling

In related news, COO Mary Lou Burke sold 1,500 shares of the business’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $105.00, for a total value of $157,500.00. Following the completion of the sale, the chief operating officer now directly owns 37,253 shares in the company, valued at approximately $3,911,565. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Elizabeth J. Boland sold 15,640 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $113.77, for a total transaction of $1,779,362.80. Following the transaction, the chief financial officer now directly owns 89,983 shares of the company’s stock, valued at $10,237,365.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Mary Lou Burke sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $105.00, for a total transaction of $157,500.00. Following the transaction, the chief operating officer now directly owns 37,253 shares in the company, valued at $3,911,565. The disclosure for this sale can be found here. 1.28% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Bright Horizons Family Solutions

A number of hedge funds have recently added to or reduced their stakes in BFAM. Riverview Trust Co acquired a new position in Bright Horizons Family Solutions in the 1st quarter valued at $25,000. YHB Investment Advisors Inc. bought a new position in shares of Bright Horizons Family Solutions in the first quarter worth $40,000. Principal Securities Inc. acquired a new position in Bright Horizons Family Solutions in the fourth quarter valued at about $38,000. Signaturefd LLC lifted its position in Bright Horizons Family Solutions by 102.2% during the third quarter. Signaturefd LLC now owns 653 shares of the company’s stock worth $53,000 after purchasing an additional 330 shares during the period. Finally, Eagle Bay Advisors LLC lifted its position in Bright Horizons Family Solutions by 120.2% during the fourth quarter. Eagle Bay Advisors LLC now owns 1,240 shares of the company’s stock worth $117,000 after purchasing an additional 677 shares during the period.

About Bright Horizons Family Solutions

Bright Horizons Family Solutions Inc provides early education and childcare, back-up care, educational advisory, and other workplace solutions services for employers and families in the United States, Puerto Rico, the United Kingdom, the Netherlands, Australia, and India. The company operates in three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory and Other Services.